Assenagon Asset Management S.A. Has $2.29 Million Holdings in The Mosaic Company (NYSE:MOS)

Assenagon Asset Management S.A. trimmed its stake in The Mosaic Company (NYSE:MOS - Free Report) by 31.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,646 shares of the basic materials company's stock after selling 39,070 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Mosaic were worth $2,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kingsview Wealth Management LLC acquired a new position in Mosaic during the first quarter worth $1,776,000. Manning & Napier Advisors LLC bought a new stake in shares of Mosaic during the 2nd quarter worth about $3,610,000. Duality Advisers LP increased its holdings in shares of Mosaic by 523.0% during the 1st quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company's stock valued at $7,024,000 after acquiring an additional 181,654 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Mosaic by 1,815.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company's stock valued at $346,743,000 after acquiring an additional 10,124,427 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company's stock worth $1,277,536,000 after purchasing an additional 1,893,797 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Up 0.5 %

Shares of NYSE:MOS traded up $0.13 during midday trading on Friday, hitting $26.89. The stock had a trading volume of 2,132,166 shares, compared to its average volume of 4,329,169. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The business's 50-day simple moving average is $26.54 and its 200-day simple moving average is $28.17. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a market cap of $8.57 billion, a P/E ratio of 36.16, a PEG ratio of 1.71 and a beta of 1.35.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The firm's revenue for the quarter was down 17.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Mosaic Company will post 2.27 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.12%. Mosaic's dividend payout ratio (DPR) is 113.51%.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 39,748 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the transaction, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now directly owns 34,359 shares of the company's stock, valued at approximately $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the sale, the senior vice president now owns 136,682 shares of the company's stock, valued at $3,821,628.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MOS. Barclays dropped their target price on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. UBS Group cut their price objective on Mosaic from $33.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Mizuho dropped their price objective on shares of Mosaic from $31.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. Finally, Wells Fargo & Company reduced their price target on Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.11.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.